Growth Capital • Healthcare Services

NewSpring Capital and TT Capital Partners Invest In InHome Therapy

On October 8, 2021, private equity firm NewSpring Capital and growth capital firm TT Capital Partners invested in healthcare services company InHome Therapy

Investment Context
  • This is NewSpring Capital’s 13th and TT Capital Partners’ 3rd transaction in the Healthcare Services sector.
  • This is NewSpring Capital’s 161st and TT Capital Partners’ 12th transaction in the United States.
  • This is NewSpring Capital’s 42nd and TT Capital Partners’ 1st transaction in Pennsylvania.

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Investment Summary

Date October 8, 2021
Target InHome Therapy
Sector Healthcare Services
Investor(s) NewSpring Capital
TT Capital Partners
Deal Type Growth Capital

Target Company

InHome Therapy

King of Prussia, Pennsylvania, United States
InHome Therapy is an in-home orthopedic rehab provider to HHAs as a partial or fully outsourced therapy solution. InHome Therapy was founded in 2021 and is based in King of Prussia, Pennsylvania.
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Investors Overview 2

Investor

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


Deal Context for Investor #
Overall 164 of 201
Sector: Healthcare Services 13 of 16
Type: Growth Capital 84 of 106
State: Pennsylvania 42 of 45
Country: United States 161 of 197
Year: 2021 13 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Joneca

Anaheim, California, United States

Joneca is a supplier of garbage disposals, hot water dispensers, air sanitizers, and other residential kitchen products. Joneca’s leading product, state-of-the-art garbage disposals, are developed by an expert team of third-party engineers that build products with industry-differentiating features, including stainless steel grinding parts, magnet motors, noise control, and odor protection. Joneca was founded in 1985 and is based in Anaheim, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Panorama Eyecare

Fort Collins, Colorado, United States

Panorama Eyecare is an eye care management services organization that manages numerous regional ophthalmology clinics, including Eye Center of Northern Colorado, Denver Eye Surgeons, Fort Collins Eye and Laser Center, Windsor Eye Care, Northwest Eye, and Cheyenne Eye Clinic & Surgery Center. Panorama Eyecare was founded in 2021 and is based in Fort Collins, Colorado.

Buy -
DESCRIPTION

TT Capital Partners is the investment arm of financial advisory firm TripleTree. TT Capital Partners invests in emerging healthcare technology and services companies with the potential to be market leaders across disruptive themes in healthcare. TT Capital Partners is based in Minneapolis, Minnesota.


Deal Context for Investor #
Overall 13 of 18
Sector: Healthcare Services 3 of 4
Type: Growth Capital 8 of 9
State: Pennsylvania 1 of 1
Country: United States 12 of 17
Year: 2021 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-15 Propio

Overland Park, Kansas, United States

Propio is a provider of phone, video, and in-person interpretation, as well as document translation services. Propio offers superior interpreter quality to its clients and uses technology-oriented solutions to drive the highest value in the industry. Propio was founded in 1998 and is based in Overland Park, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 MediStreams

Roswell, Georgia, United States

MediStreams is a developer of revenue cycle management software that provides remittance, reconciliation, and payment automation solutions for healthcare providers. The company automates the healthcare receivables process, increasing the speed of revenue flow for providers. MediStreams was founded in 2009 and is based in Roswell, Georgia.

Buy -